R 6 500 000

37 Bedroom Apartment / Flat for Sale in Mamelodi East

Mamelodi East, Pretoria

37
25
17

Inviting serious buyers to view and negotiate an Investment Opportunity of 37-Unit Apartment/Flat with Comprehensive Amenities

This prime investment property consists of a well-maintained 37-unit apartment complex, fully tenanted and generating consistent rental income. The property offers a blend of desirable features and strategic amenities, providing long-term income potential and strong tenant retention.

Property Features:

• 37 Fully Tenanted Apartments: The complex is fully occupied with reliable tenants, ensuring immediate and steady cash

flow from rental income.

• 17 Parking Spaces: Ample parking is provided with 17 dedicated spaces, offering convenience for tenants and enhancing the

appeal of the property.

• Security-Focused Environment: The property is securely enclosed with a perimeter fence and features an electric gate,

...

Inviting serious buyers to view and negotiate an Investment Opportunity of 37-Unit Apartment/Flat with Comprehensive Amenities

This prime investment property consists of a well-maintained 37-unit apartment complex, fully tenanted and generating consistent rental income. The property offers a blend of desirable features and strategic amenities, providing long-term income potential and strong tenant retention.

Property Features:

• 37 Fully Tenanted Apartments: The complex is fully occupied with reliable tenants, ensuring immediate and steady cash

flow from rental income.

• 17 Parking Spaces: Ample parking is provided with 17 dedicated spaces, offering convenience for tenants and enhancing the

appeal of the property.

• Security-Focused Environment: The property is securely enclosed with a perimeter fence and features an electric gate,

ensuring safety and privacy for all residents.

• Shared Amenities: Tenants enjoy access to a well-maintained communal braai area, perfect for socializing and

enhancing the overall living experience. Additionally, the complex includes on-site laundry rooms, further increasing tenant

satisfaction and convenience.

• Prime Location: Situated in a sought-after area with easy access to public transportation, retail outlets, and essential

services, the property attracts long-term, reliable tenants.

Rental Income of R74 000 monthly.

Fully tenanted units, secure and desirable amenities, and a prime location, this 37-unit apartment complex offers a solid opportunity for stable returns. The combination of rental income, high tenant demand, and low operational risk makes this an attractive option for both seasoned investors and those looking to enter the property market.

This investment opportunity offers not only immediate income but also the potential for long-term capital growth. The comprehensive security measures, ample parking, and resident-friendly amenities further add value to the property, ensuring it remains a competitive asset in the rental market.

Bedrooms: 37

Bathrooms: 25

Parking: 17

No Pets Allowed

Flatlet

Listing number: P24-115333529, Image number: 1, Image

Listing number: P24-115333529, Image number: 2, Image

Listing number: P24-115333529, Image number: 3, Image

Listing number: P24-115333529, Image number: 4, Image

Listing number: P24-115333529, Image number: 5, Image

Listing number: P24-115333529, Image number: 6, Image

Listing number: P24-115333529, Image number: 7, Image

Listing number: P24-115333529, Image number: 8, Image

Listing number: P24-115333529, Image number: 9, Image

Property Overview

Listing Number

115333529

Type of Property

Apartment / Flat

Listing Date

12 December 2024

Rates and Taxes

R 1 020

Pets Allowed

No

Rooms

Bedrooms

37

Bathrooms

25

External Features

Parking

17

Other Features

Flatlet

Yes

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.